PTEIX Fees and Costs — Putnam New York Tax Exempt Income Fund, Class A
Data updated: 2025-10-27
The net expense ratio is 0.79%: a 0.42% management fee, a 0.25% 12b-1 fee plus 0.12% other expenses. This share class carries a maximum front-end sales load of 4.00% and a deferred sales charge of up to 1.00%. In fiscal 2024 the fund paid $952 in broker commissions, 0.0001% of average net assets, and portfolio turnover was 17%.
PTEIX Fees and Expenses
Annual operating expenses and sales charges of PTEIX. Prospectus, as of March 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.42% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.12% |
| Gross expense ratio | 0.79% |
| Fee waiver | — |
| Net expense ratio | 0.79% |
| Sales charges | |
|---|---|
| Max front load | 4.00% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
PTEIX Costs Over Time
On $10,000 invested in PTEIX, assuming 5% a year before costs, total costs come to $987 over 5 years, cutting the return by 1.68% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Sales charges | $500 | $400 | $400 |
| Fund expenses (net expense ratio 0.79%) | $80 | $249 | $433 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $20 | $75 | $154 |
| Total costs | $600 | $724 | $987 |
| Value after costs | $9,900 | $10,852 | $11,776 |
| Impact on return, per year | 6.00% | 2.24% | 1.68% |
PTEIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0001%
- Total broker commissions: $952
- Bought from dealers (principal trades, not a cost): $356.2M
- Portfolio turnover (prospectus): 17%
- Securities lending: none during the year
PTEIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JPMS - J.P. MORGAN SECURITIES, LLC. | $952 | 100.00% |
PTEIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JPMS - J.P. MORGAN SECURITIES, LLC. | $92.1M | 33.52% |
| MLCO - BofA Securities, Inc. | $50.4M | 18.35% |
| WCHV - WELLS FARGO SECURITIES, LLC | $32.3M | 11.77% |
| MSCO - MORGAN STANLEY & CO. LLC | $28.3M | 10.30% |
| GSCO - GOLDMAN SACHS & CO LLC | $18.1M | 6.59% |
| RBCD - RBC CAPITAL MARKETS LLC | $16.1M | 5.84% |
| PIPR - PIPER SANDLER | $11.6M | 4.23% |
| JEFF - JEFFERIES LLC | $10.1M | 3.66% |
| TDSI - TD SECURITIES (USA) LLC | $7.9M | 2.87% |
| BCAP - BARCLAYS CAPITAL, INC. | $7.9M | 2.86% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.